Top corporations like BlackRock and Fidelity share their fee while they await final approval to list their Bitcoin ETFs in the US. BlackRock's fee starts at 0.20% and increases to 0.30% after the fund reaches $5 billion. Fidelity, on the other hand, will charge 0.39%
An Exchange-Traded Fund (ETF) consists of a group of securities that frequently seek to replicate a specific index. They are comparable to mutual funds, but they trade on exchanges. Similarly, ETF shares trade throughout the day, much like regular stocks. A benchmark average ETF expense ratio runs between 0.20% and 0.50%.
In the following days, we may see the launch of up to 13 US BTC ETFs. Invesco and Galaxy will not charge for the first six months or until the fund reaches $5 billion. After that, they will charge 0.59%.
ARK and 21Shares, Cathy Wood's firm, have established a fee of 0.25%, the same as VanEck. Valkyrie will charge 0.80% for its ETF. Following this announcement, Bitcoin's value increased by approximately 1.8%, approaching $45,000.
The pending approval of Bitcoin ETFs in the US might open the door to more institutional investing soon.
